Q. A charitable foundation transfers securities in kind to Taurus Asset Management Ltd. to fund a new bank loan portfolio. Taurus estimates that after liquidating the transferred securities, it will take five months to invest the foundation’s assets in bank loans. Which statement best describes a requirement of the GIPS standards? Taurus must include the foundation’s portfolio in the appropriate composite:
- on a timely and consistent basis.
- when the assets are substantially invested.
- as of the beginning of the next full measurement period.
practice 题目， 选1，
请问 2， 3。为什么不对
